Question $1$: Property Plant and Equipment

Mot Ltd$.,$ a publicly accountable company, has purchased a piece of land with a

building to build a new, state$-$of$-$the$-$art widget$-$manufacturing factory. Construction

began in January $2023,$ and the occupancy permit was received on October $1$

Mot Ltd$.$ has a December $31$ year end.

The expenditures were as follows:

Instructions

A$.$ For each expenditure, complete the following chart to allocate the expenditures

to land or factory. For items not capitalized to land or factory, provide a brief

explanation.